It Will Cost Up to $21.5 Billion to Clean Up California's Oil Sites. The Industry Won't Make Enough Money to Pay for It

04 Jun 2023 | Abstracted from Popular Science

"The bill for that work...will vastly exceed all the industry’s future profits in the state...Plugging wells, dismantling surface infrastructure and decontaminating polluted drill sites would cost at least $13.2 billion...California oil and gas production will earn about $6.3 billion in future profits over the remaining course of operations."

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